Is Drummoyne a nice place to live?

Drummoyne is an inner-west Sydney peninsula on the Parramatta River, known for its riverfront parks, walking paths and a compact centre along Victoria Road. The community has incomes above the median for NSW, and couples without children are the largest family group, at 44.7% of families. Everyday amenity includes cafes, restaurants and local shops, ferry services, sporting grounds such as Drummoyne Oval and public baths, and a Drummoyne Oval precinct plan has been adopted proposing a new grandstand and amenities building.

Is it expensive to live in Drummoyne?

A typical local household earned about $2,776 a week at the last Census. On those figures, renting a house at $1,225 a week would take about 44% of a typical local household's weekly income, a large share, while renting a unit at $850 a week would take about 31%, a sizeable share. Buying is more stretched against local incomes in Drummoyne: the median house price of $2,890,000 is about 20.0 times a typical local annual household income, and the median unit price of $1,346,500 is about 9.3 times. If you're renting rather than buying, the rent share is the number that matters; buying sits well above local incomes on these figures. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Drummoyne a good place to invest?

A clear pattern in Drummoyne in the last twelve months is that unit values rose 9.3% and unit rents rose 9.3%, while house values rose 3.2% and house rents rose 11.4%. On units, rental income and capital growth moved by similar amounts; on houses, rental income increased noticeably more than capital growth. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Drummoyne suburb profile

Drummoyne is an inner-west Sydney suburb on a peninsula in the Parramatta River, known for its riverfront parks, walking paths and outlooks over the water. Streets alternate between tree-lined pockets of Federation and interwar cottages and more recent apartment buildings that step down toward the foreshore.

A compact centre along Victoria Road and adjacent lanes provides cafes, restaurants and local shops, while sporting grounds such as Drummoyne Oval and a public baths frame recreational life. Road links and ferry services on the Parramatta River offer regular connections to surrounding suburbs and the city.

Drummoyne property market performance

Current median dwelling price$2,118,250Past 3 months

Property growth+6.3%Past 12 months

Drummoyne's median house price is $2,890,000, up a modest 3.2% over 12 months, while the median unit is $1,346,500, up a notable 9.3% over 12 months. Unit values rose faster than house values over the year.

In Drummoyne, house rents rose strongly, increasing 11.4% over 12 months and outpacing house value growth.

	Houses	Units
Median price Past 3 months	$2.89M	$1.35M
Change in value Past 12 months	3.2%	9.3%
Sold Past 3 months	24	24
Median days on market Past 12 months	56	48
Average rent Past 12 months	$1225	$850
Change in rent Past 12 months	11.4%	9.3%

5 year median price trend for houses and units

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Drummoyne demographics

Drummoyne is a community with incomes above the median for NSW.

Couples without children are the largest family group, at 44.7% of families. At the 2021 Census, 12,011 people lived in Drummoyne.

Drummoyne and NSW

	Suburb	NSW
Median age years	42	39
Median household income weekly	$2,776	$1,829
Couples with children share of families	40.3%	44.7%
Couples without children share of families	44.7%	37.9%
One-parent families share of families	13.2%	15.8%
Homes owned outright share of homes	34.3%	32.6%
Homes with a mortgage share of homes	29.1%	33.6%
Homes rented share of homes	36.6%	33.7%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Drummoyne infrastructure, key developments and investment opportunities

Drummoyne's Drummoyne Oval Precinct Plan of Management and Masterplan was adopted in 2024, establishing a 10-year program for Taplin Park, Drummoyne Park and Drummoyne Oval and proposing a new grandstand and amenities building.

The City of Canada Bay began a multimillion-dollar Iron Cove seawall upgrade in 2024, starting at Sisters Bay and involving repairs to sandstone seawalls and installation of rock revetments, with completion anticipated in July 2025. A new adventure playscape at Brett Park opened in 2024 and includes water-play and sensory elements, and an outdoor gym at Brett Park was completed in October 2025 providing cardiovascular, strength and balance equipment.

Suburbs near Drummoyne

Some popular suburbs near Drummoyne include:

How does Drummoyne compare to nearby suburbs?

Median house prices: Drummoyne’s median house price is 20.7% higher than Russell Lea’s.
Median unit prices: Drummoyne’s median unit price is 12.2% higher than Chiswick’s.
House price growth: Over the past 12 months, house prices in Drummoyne have grown 0.0% higher than in Russell Lea.
Unit price growth: Over the past 12 months, unit prices in Drummoyne have grown 2.0% higher than in Chiswick.
Selling speed for houses: Properties in nearby Russell Lea are selling 14.3% faster than in Drummoyne.
Selling speed for units: Properties in nearby Chiswick are selling 8.3% faster than in Drummoyne.
Investment considerations: In Drummoyne, the rental yield for house is 32.7% higher than the Sydney average, while the rental yield for units is 7.6% higher.
House price growth: Over the past 12 months, house prices in Drummoyne have grown 50.8% higher than the average rate of growth across Sydney.
Unit price growth:Over the past 12 months, unit prices in Drummoyne have grown 48.9% higher than the average rate of growth for units across Sydney.

Common questions about Drummoyne

Is Drummoyne a nice place to live?
Drummoyne is an inner-west Sydney peninsula on the Parramatta River, known for its riverfront parks, walking paths and a compact centre along Victoria Road.

The community has incomes above the median for NSW, and couples without children are the largest family group, at 44.7% of families. Everyday amenity includes cafes, restaurants and local shops, ferry services, sporting grounds such as Drummoyne Oval and public baths, and a Drummoyne Oval precinct plan has been adopted proposing a new grandstand and amenities building.
Is it expensive to live in Drummoyne?
A typical local household earned about $2,776 a week at the last Census. On those figures, renting a house at $1,225 a week would take about 44% of a typical local household's weekly income, a large share, while renting a unit at $850 a week would take about 31%, a sizeable share. Buying is more stretched against local incomes in Drummoyne: the median house price of $2,890,000 is about 20.0 times a typical local annual household income, and the median unit price of $1,346,500 is about 9.3 times. If you're renting rather than buying, the rent share is the number that matters; buying sits well above local incomes on these figures.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Drummoyne a good place to invest?
A clear pattern in Drummoyne in the last twelve months is that unit values rose 9.3% and unit rents rose 9.3%, while house values rose 3.2% and house rents rose 11.4%.

On units, rental income and capital growth moved by similar amounts; on houses, rental income increased noticeably more than capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Drummoyne

There are 63 real estate agents in Drummoyne, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 44.6% of all sales in the past year.

Commission rates in Drummoyne typically range from 1.66% to 2.15%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.